WPP Group revenue grows 12%

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WPP Group revenue grew by 12% to $685.5 million and gross profits by 11% during the third quarter, helped by above-average growth in affiliated activities, WPP said. While advertising revenues grew by 6% during the quarter ending Sept. 30, revenues for WPP's public relations and specialist communications units grew by 18% and revenues in information consulting grew by 19%. The group also said that WPP units won net new business billings of $290 million during the quarter and $1.43 billion for the first nine months of 1997. For the first nine months of 1997, both revenues and gross profit grew by 9%, and operating margins grew by 1%.

Copyright October 1997, Crain Communications Inc.

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